Danske Markets

EUR/SEK has squeezed higher on falling risk appetite, positioning.However, we expect the 9.10-9.30 range to hold. Fundamentally, we are bullish on SEK on valuation, growth. To read the entire report...

US ISM non-manufacturing for April is due today. After a big decline from October to February, the index rebounded in March. There should be scope for a further increase in April. Consensus is for a...

While the weakening of the zloty was expected, the market reaction to the negative risks has been stronger than expected so far and there may be further weakening on the cards.To read the entire...

A very light international agenda today. We will keep an eye on Fed's Mester (voter, hawkish) and Fed's Williams (non-voter, neutral) who are both scheduled to speak today.In the UK focus will be on...

With a mixed news flow last week indices first tightened and then widened towards the weekend. Overall, iTraxx Main widened 2bp over the week closing at 73.5bp, while Itraxx Crossover widened 9bp...

ISM manufacturing declined one index point to 50.8 in April from 51.8 in March. The fall in ISM manufacturing in April came after a sharp rebound in the last couple of months and looking at the...

The main data release today is the US ISM manufacturing. We have had some mixed signals about the direction in April following the sharp rebound over the past couple of months. While the ISM...

This issue covers two weeks due to the Danish bank holiday on Thursday and Friday this week.In Sweden , the weeks ahead contain two data points of particular interest: industrial data (Tuesday, 3 May...

The latest IMM data covers the week from 19 April to 26 April 2016. Note: we have included Light Sweet NYMEX futures for 'oil' positioning .To read the entire report Please click on the pdf File...

Market movers ahead Signals about the direction of ISM manufacturing in April are mixed, so we expect it to stay around the current level, only slightly above 50. The US jobs report is due on Friday...

During his three-day visit to the UK, Obama said the US's top priority is to make a free-trade deal with the EU and that the UK is at 'the back of the queue' . He added that a US-UK free-trade deal...

The BoJ's inaction may be due the economy doing better than many envisaged.The pick-up in global inflation is flying under the radar, in our view. Upside risks to the long end of the EUR swap curve...

The euro area data that were released today were mixed with better-than-expected activity figures but lower inflation. GDP growth surprised on the upside as it increased 0.6% q/q up from 0.3% in Q4 15...

Global steel prices have rallied close to 40% since early March, which has led to the gap between aluminium and steel prices closing.The base metal and steel market is finding support in the...

Euro-area HICP inflation for April is due for release and we expect a negative print of -0.1% y/y, slightly lower than in March when it was 0.0%. Core inflation should drop to 0.8% from 1.0% last,...

RB may struggle with soft colleagues for a while.Do not be too focused on the 5s10s - flatten the curve out to 5y instead. Flatten the real yield curve, sell SGBi3107 vs. SGBi3102. Comments on new...